Altarea: 9m sales down over 8%

(CercleFinance.com) - Altarea has posted 9m sales of just over E1.
66bn to 30 September 2024, down 8.4%, due to the decline in property development, while its retail property business reported a 7.7% increase in sales.

After 2023, which was dedicated to reducing risks and clearing the previous cycle, Altarea has devoted 2024 to laying the foundations for the new cycle in both its historic businesses and new activities, the real estate group says.

With a solid liquidity position of E1.8bn and a strategic roadmap on schedule, Altarea confirms its FFO growth target for the current year compared with 2023.


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